PARIS: TotalEnergies and French artificial intelligence firm Mistral AI announced a collaboration Tuesday to accelerate AI-driven innovation in support of the energy company’s multi-energy strategy, with a focus on low-carbon solutions. The partnership will establish a joint AI innovation lab staffed by teams from both companies. Mistral AI will provide its advanced AI technologies, while TotalEnergies…
PARIS: TotalEnergies has acquired a portfolio of renewable energy projects in the U.K. from developer Low Carbon, the company announced Tuesday. The deal includes eight solar projects with a combined capacity of 350 megawatts and two battery storage projects totaling 85 megawatts. The solar projects, in an advanced development stage, are expected to be operational by 2028….
PARIS: TotalEnergies announced Wednesday that its subsidiary, TotalEnergies EP Nigeria Ltd., has agreed to sell its 12.5% non-operated interest in Nigeria’s OML118 Production Sharing Contract to Shell Nigeria Exploration and Production Company Ltd. for $510 million. The OML118 PSC, located about 120 kilometers (75 miles) south of the Niger Delta, includes the Bonga field, which began production…
PARIS: TotalEnergies has inaugurated its largest solar power plant cluster in Europe, located near Sevilla, Spain. The project includes five solar plants with a combined capacity of 263 MW, capable of producing 515 GWh of renewable electricity annually—enough to power over 150,000 Spanish homes. The facility will also reduce CO₂ emissions by 245,000 tons per year. Most…
PARIS: TotalEnergies has signed a 20-year sales and purchase agreement with Ksi Lisims LNG to acquire 2 million metric tons per annum (Mtpa) of liquefied natural gas from the future Canadian liquefaction plant, contingent on the project’s final investment decision, the company announced Tuesday. Alongside the agreement, TotalEnergies has acquired a 5% stake in Western…
PARIS: TotalEnergies has signed a sale and purchase agreement with HitecVision, a Norwegian investment firm specializing in energy, to sell 50% of Polska Grupa Biogazowa for an enterprise value of €190 million. Polska Grupa Biogazowa, Poland’s leading biogas producer, operates 20 units with a production capacity exceeding 450 GWh of equivalent biomethane. Founded in 2007 and acquired…
PARIS: TotalEnergies announces the start of production from the deepwater Ballymore field offshore U.S., in which the Company has a 40% interest alongside operator Chevron (60%). Located 120 kilometers off the Louisiana coast and launched in May 2022, Ballymore has a total daily gross production capacity of 75,000 barrels of oil per day and 50…
PARIS: TotalEnergies has signed two liquefied natural gas (LNG) agreements, one with NextDecade for the future Train 4 at the Rio Grande LNG facility in Texas and another with Energia Natural Dominicana (ENADOM) in the Dominican Republic. The company has agreed to purchase 1.5 million tons per annum (Mtpa) of LNG from NextDecade over a…
TotalEnergies has decided to halt any new financial contributions to the Adani group until the accusations against certain Adani group individuals and their consequences are clarified. This decision follows public announcements by U.S. authorities regarding the indictment of specific Adani group executives in connection to an alleged corruption scheme linked to Adani Green Energy Limited…
PARIS: TotalEnergies (Paris:TTE) has signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned and operated by Lewis Energy Group in the Eagle Ford basin in Texas. The acquisition of these low cost and long plateau assets further strengthens TotalEnergies’ integration across the gas value chain in…
PARIS: In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the signing of a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of LNG per year for 7 years starting from 2027. Thanks to this agreement, with prices indexed…
PARIS: TotalEnergies (Paris:TTE) announced the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina. The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37.5% operated interest, alongside its partners Harbour Energy (37.5%) and Pan…